Washington Statutes
§ 48.06.120 — Escrow of funds.
Washington § 48.06.120
This text of Washington § 48.06.120 (Escrow of funds.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wash. Rev. Code § 48.06.120 (2026).
Text
(1)All funds received pursuant to a solicitation permit shall be deposited and held in escrow in a bank or trust company under an agreement approved by the commissioner. No part of any such deposit shall be withdrawn, except:
(a)For the payment of promotion and organization expenses as authorized by the solicitation permit; or
(b)for the purpose of making any deposit with the commissioner required for the issuance of a certificate of authority to an insurer; or
(c)if the proposed organization is not to be an insurer, upon completion of payments on stock or syndicate subscriptions made under the solicitation permit and deposit or appropriation of such funds to the purposes specified in the solicitation permit; or
(d)for making of refunds as provided in RCW 48.06.170 .
(2)When the
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Related
§ 48.06.170
Washington § 48.06.170
Legislative History
[1947 c 79 s .06.12; Rem. Supp. 1947 s 45.06.12.]
Nearby Sections
15
§ 48.01.010
Short title.§ 48.01.020
Scope of code.§ 48.01.030
Public interest.§ 48.01.035
"Developmental disability" defined.§ 48.01.040
"Insurance" defined.§ 48.01.050
"Insurer" defined.§ 48.01.053
"Issuer" defined.§ 48.01.060
"Insurance transaction" defined.§ 48.01.070
"Person" defined.§ 48.01.080
Penalties.§ 48.01.100
Existing officers.§ 48.01.110
Existing licenses.§ 48.01.120
Existing insurance forms.§ 48.01.130
Existing actions, violations.§ 48.01.140
Headings.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 48.06.120, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/48.06.120.